Ask about Nawa Protocol

Logo of Nawa ProtocolNawa Protocol

Total Value Locked$4.01m

TVL by Chain

ZIGChain$3.45m

Ethereum$558,303

CORE$0.082

Protocol Information

Nawa Finance is a Shariah-compliant yield protocol. Its flagship stable vaults accept USDT on Ethereum and USDC on ZIGChain and issue onchain vault shares, with yield generated from a real-economy remittance financing and private credit strategy curated by ZIGMarkets

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Category:RWA

Sub Category: Private Credit

Audits:

Methodology

TVL: ZigChain: TVL is the sum of (1) the Nawa Zig vault AUM reported as stZIG, and (2) the Nawa USDC vault AUM (oracle-reported USD value of capital deployed off-chain via Zignaly into a cross-chain private credit position), reported as USDC. Core: TVL is calculated by 1) unwrapping Bitflux LP tokens held by Nawa Solv Vault V2 to their underlying assets (e.g. SolvBTC.CORE, WBTC, SolvBTC.b) based on pool reserves and total supply, and 2) tracking dualCore token holdings in the Core vault address. Ethereum: TVL is the USDT held on behalf of users by the Nawa USDT Vault, taken as the sum of assets backing live shares (latestAum), assets committed to pending redemptions (pendingRedemptionAum) and funded payouts awaiting claim (totalClaimable), reported as USDT.View code on GitHub

Yields

Pools Tracked1

Average Supply APY9.33%

Competitors

Invesco USTB ($598.91m)Ethena USDtb ($454.18m)Huma ($406.8m)Re ($400.4m)Anemoy Capital ($333.47m)OpenTrade ($251.16m)Plume Vaults ($232.54m)Theo Network thUSD ($132.2m)Frax USD ($106.88m)Usual USD0 ($84.07m)

Frequently Asked Questions

What is Nawa Protocol's TVL?

Nawa Protocol currently has $4.01m in total value locked. TVL has increased 0.6% over the past 30 days.

What chains does Nawa Protocol operate on?

Nawa Protocol operates on 3 chains: ZIGChain, Ethereum, and CORE. ZIGChain holds the largest share at 86.1%.

How does Nawa Protocol's TVL compare to similar protocols?

Among RWA protocols tracked by DefiLlama, Nawa Protocol ranks #45 by TVL. The category holds $4.701b across 173 protocols, and Nawa Protocol accounts for 0.1% of that total. Other leading protocols include Invesco USTB, Ethena USDtb, Huma, Re, Anemoy Capital, OpenTrade, Plume Vaults, Theo Network thUSD, Frax USD, and Usual USD0.

How many yield pools does Nawa Protocol have?

DefiLlama tracks 1 Nawa Protocol yield pool with an average APY of 9.3%.